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The Latest Breaking News from Unemployment

More Americans file for unemployment benefits last week, continuing claims highest in 3 years

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years

The Independent UK

Dow Jones Rises After Surprise Jobless Claims; Nvidia Slides, Tesla Reverses

The Dow Jones rose Thursday after higher-than-expected initial unemployment claims. Nvidia stock sold off, while Tesla reversed higher.

Investors Business Daily

"In next 5 years, priority will be on how to eliminate unemployment": Arvind Kejriwal

Aam Aadmi Party Chief Arvind Kejriwal on Tuesday said that the priority of his party in the next five years will be to eliminate unemployment and for this, his entire team is focused. Read further on Dynamite News:

Dynamite News

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Scotland's unemployment rate falls as UK records rise

Unemployment in Scotland fell slightly in the last quarter, latest figures show.

The National (Scotland)

Unemployment rate rises but pay growth picks up again – ONS

The number of payrolled employees was estimated to have fallen by 47,000 during December to 30.3 million – the biggest drop since November 2020.

Evening Standard

UK unemployment rate rises but pay growth surges to outstrip inflation

Pay rose more than five per cent in the three months up to November

The Independent UK

FTSE 100 Live 21 January: Car loan move boosts Lloyds, wage growth accelerates

A boost to living standards after wage growth accelerated to 5.6% has been offset by signs of a cooling labour market.

Evening Standard

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Lifting unemployment benefit found to slow job hunting

Increasing the rate of welfare payments discourages unemployed people from looking for work, but that doesn't mean it's bad policy, a study has found.

AAP

Why Bidenomics is worth defending — in America and Australia

Joe Biden made several grave mistakes, but upending the status quo around unemployment wasn’t one of them.

Crikey

‘I know someone in a warehouse with a master’s degree’: how to break the cycle of youth unemployment

The number of young people without jobs is poised to tip 1 million, unless proper steps are taken to help them find work and secure their – and Britain’s – future

The Guardian - UK

Israeli cabinet delays ceasefire vote

Israel has delayed a vote on whether to approve the Gaza ceasefire as it accuses Hamas of trying to change the terms of the deal, and it’s not yet clear what effect new unemployment data will have on interest rates.

Crikey

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP

Australia’s unemployment rate rises to 4% but uncertainty now lingers over expected RBA cut

The jobless rate in December was 4%, according to the Australian Bureau of Statistics

The Guardian - AU

Strong jobs growth data deflates February rate cut hope

A very healthy jobs market is not adding to the case for a February interest rate cut, with all eyes turning to inflation data due in coming weeks.

AAP

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Top News

US Job Growth Surges, Unemployment Falls Unexpectedly

U.S. job growth exceeds expectations, indicating a strong economy with potential inflationary pressures. President Biden addresses rising costs, businesses...

Kiplinger

Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are Saying

The strongest surge in hiring since March keeps the Fed on hold for now.

The Street

Jobs report shock has big implications for Fed rate bets, Treasury yields

The economy ended 2024 with a solid labor market and a better-than-expected reading for headline unemployment.

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The Independent UK

US sees unemployment drop further after strong jobs report from the holidays

U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates

Investors Business Daily

Jobs Report: Solid Hiring, Lower Unemployment Will Keep The Fed On Hold; S&P 500 Falls

The jobs report showed a surprise pickup in payroll gains while the unemployment rate fell. S&P 500 futures fell.

International Business Times

All Eyes On Final Jobs Report For 2024: What To Expect In 2025

The slowdown in labor market is due to the post-pandemic recovery, job growth in a few industries, high interest rates, tech advances, and uncertainty about the economy, global events, President-elect Donald Trump's potential policies.

The Street

Jobs report will test Fed interest rate cut plans

Friday's unemployment report has big implications for what happens next to interest rates.

Barchart

S&P Futures Gain With Focus on U.S. PMI Data and Fed Speak

March S&P 500 E-Mini futures (ESH25) are trending up +0.29% this morning, indicating an attempt by the benchmark index to snap a five-session losing streak, while investors awaited U.S. manufacturing data and remarks from a Federal Reserve official.

The Independent UK

US unemployment claims fall to 211,000, the lowest level since March

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that most workers enjoy unusual job security

Barchart

Dollar Weakens on Mixed US Labor Market News

The dollar index (DXY00 ) Thursday fell by -0.13% in thin holiday trade. An increase in US weekly continuing unemployment claims to a 3-year high raised concerns about labor market strength and weighed on the dollar. The decline in T-note yields from early highs Thursday also undercut the dollar. In...

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